The U.S. Treasury has released the auction results for its 30-year TIPs, its bonds which offer inflation-adjustments or at least adjustments based upon short-term rate swings. The auction for the current 0.75% coupon went off at yield of 0.77%, with 32.12% at the high yield, and indirect bid were 40.6%, while direct bids were 13.6%. The bid-to-cover was 2.46.
Today’s 30-year TIPS auction was finalized at $9 billion in accepted offers. It is amazing that rates can remain this low for this long when you consider how inflation can rise and fall through time and considering how indebted the world’s established nations are.
The iShares Barclays TIPS Bond Fund (NYSE: TIP) is down 0.35% at $118.50 and the SPDR Barclays Capital TIPS ETF (NYSE: IPE) is down 0.22% at $58.91.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
